Residential Lease Amendment Agreement - Template Form

LEASE AMENDMENT AGREEMENT

THIS LEASE AMENDMENT AGREEMENT is made on ________ between ________, of the following address:

________

hereinafter referred to as (the "Landlord" which expression shall where the context so admits include its successors-in-title and assigns) of the first part;

AND

________, of the following address:

________

hereinafter referred to as (the "Tenant" which expression shall where the context so admits include its successors-in-title and assigns) of the second part.

BACKGROUND

A. The Landlord and the Tenant entered into a Residential Lease Agreement (the "Lease") on ________.

B. By virtue of the Lease, the Tenant was granted exclusive possession to the following property (the "Demised Premises"), together with all appurtenances attached thereto:

________

C. The Parties have agreed to amend the Lease to reflect the contents of this document.

In consideration of the payment of the rent and the covenants contained herein, the receipt of which is hereby acknowledged, the Parties hereby agree as follows:

1. DEMISED PREMISES

Subject to the terms and conditions of this Agreement, the Landlord agrees to let the following rental property to the Tenant (the "Demised Premises"):

________

2. AMENDMENTS

The Parties have also agreed to amend the contents of their Agreement to reflect the following:

1. The Parties have agreed to amend the Lease to include the following to read as follows:

________

2. The Parties have agreed to amend the Lease by deleting the following from the Lease:

________

3. The Parties have agreed to amend the Lease to reflect the following modification:

The following provision shall be removed:

________

and shall be replaced with the following provision:

________

3. COVENANTS OF THE TENANT

The Tenant covenants with the Landlord as follows:

(I) to pay the reserved rent in the aforesaid;

(II) to pay all taxes, rates, assessments and outgoings chargeable now or hereinafter imposed for the use of the Demised Premises;

(III) to keep the Demised Premises in good repair and condition at all times with reasonable wear and tear;

(IV) to comply with all terms and conditions of this Agreement;

(V) to respect the laws on the safety, sanitation, maintenance, and habitability of the dwelling.

(VI) to keep the Demised Premises in good and sanitary condition always;

(VII) not to destroy, damage or remove any part of the fixtures, fittings or any part of the premises;

(VIII) not to use or permit the use of the Demised Premises for any illegal or immoral purpose.

4. COVENANTS OF THE LANDLORD

The Landlord hereby covenants with the Tenant as follows:

(I) that upon the timely payment of the reserved rent and observing the covenants, the Tenant shall enjoy quiet and peaceful possession;

(II) that the Demised Premises is in good and habitable condition;

(III) to pay and discharge all existing and future ground rent imposed or charged by any law in respect of the Demised Premises during the term of the tenancy;

(IV) to deliver possession of the Demised Premises in a good state of repair, habitable and clean condition at the expiration of the term of the tenancy; and

(V) to respect the laws pertaining to the safety, sanitation, maintenance and habitability of the dwelling.

5. QUIET ENJOYMENT

The Landlord agrees that if the Tenant promptly pays the said rent and observes all the terms, conditions and covenants contained in this Agreement, the Tenant shall, during the term of the tenancy, enjoy quiet and peaceful possession on the premises.

6. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, and the Parties hereby submit to the jurisdiction of the courts of the State in which the Demised Premises is situated.

7. MISCELLANEOUS

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(II) ASSIGNMENT: The Tenant shall not assign, sublet or otherwise part with possession of the Demised Premises or any part thereof without the prior written consent of the Landlord.

(III) RATIFICATION: Other than the provisions expressly modified under this Agreement, all other obligations, rights, terms and conditions contained in the Lease shall remain in full force and effect until the termination of the Lease.

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(V) NOTICES: All notices under this Agreement must be in writing. The notices shall be delivered personally or mailed by a certified mail to the other Party at the designated address.

(VI) VARIATION: No part of this Agreement shall be varied or terminated unless such variation is agreed and signed by the Parties.

(VII) SEVERABILITY: If any part of this Amendment is held unenforceable for any reason, the remainder of this Agreement shall continue to be in force and have effect.

(VIII) COUNTERPARTS: This Agreement may be executed in several counterparts, all of which constitutes a single agreement between the Parties.

IN WITNESS WHEREOF the Parties hereto have executed this Agreement this day and year first written above.

SIGNED by the within named Landlord

___________________

in the presence of:

Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................

Signature..........................................................................................................

SIGNED by the within named Tenant

____________________

in the presence of:

Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................

Signature..........................................................................................................